Market Research Future (Food and Beverages) Feed Pigments Market Research Report | Page 3

Feed Pigments Market Research Report– Forecast to 2023
2 Market Overview
Feed pigments are either naturally-derived or synthetic substances used to enhance the shade of the animal skin
which is an important marketing factor. The North American market for feed pigments is expected to keep growing
over the forecast period due to rising meat consumption, and increasing health awareness across the globe. The
feed pigments help in stimulation and secretion of digestive enzymes, which, in turn, stimulate the immune response
in the livestock population. Additionally, feed pigments market is observing an exponential growth based on its
increasing usage in the feed industry. The major types of feed pigments available in the market include carotenoids,
curcumin, spirulina, and others.
North America is expected to have a substantial growth over the forecast period, 2017-2023. In North America, the
U.S. is the major importer of poultry and meat products, which has opened the opportunity for the feed pigments
market in this region. Moreover, growing demand from poultry and livestock industry are boosting the growth of feed
pigments in this region.
Furthermore, rising concerns regarding livestock health among the consumers is adding fuel to the growth of the
feed pigments market. However, adulteration may hamper the market growth in the upcoming years. Nevertheless,
all these factors are expected to lead the growth of the North American feed pigments market at a CAGR of 3.6%
during the review period, 2017-2023.
Market Segments:
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Feed pigments market is segmented on the basis of type, which includes carotenoids, curcumin, spirulina,
and others. Among them, the carotenoids segment is anticipated to dominate the market followed by the
spirulina segment. Moreover, the curcumin segment is witnessed to have a substantial growth over the
forecast period.
On the basis of source, the feed pigments market is segmented into natural feed pigments and synthetic
feed pigments. The natural feed pigments are projected to have a potential growth over the forecast period.
Based on the livestock, the feed pigments market is segmented into poultry, ruminants, swine, and others.
Among all, the poultry segment is dominating the market based on increased consumption of poultry and
meat products globally. However, the ruminants segment is witnessed to gain a moderate growth over the
estimated period.
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